Huawei Technologies saw its profits surge by 9.6% in 2023, more than doubling its earnings, with its net profit reaching 87 billion yuan ($12 billion) due to strong sales and growth in cloud and digital sectors despite facing challenges from U.S. sanctions.
Tags: US
China Emerges as Top Choice for Southeast Asian Countries Seeking Ally, Surpassing US
China has surpassed the United States as the most preferred ally of Southeast Asia, according to the study.
Seized $2 Billion Silk Road Bitcoin Moved to Coinbase Wallet by US Government —Is It Selling Them Again?
Seized $2 billion Silk Road Bitcoin was moved by the US government. Will they be sold again? In this photo illustration, the Coinbase and Bitcoin logos are displayed on a phone screen on February 15, 2024 in San Anselmo, California.
China Slams US for Tightening Chip Export Rules
The Chinese government has slammed the US for tightening regulations about semiconductor exports, claiming they have created trade barriers and heightened uncertainty in the chip industry.
China Struggles to Match AI Advancements in U.S. Due To OpenAI
China remains behind the United States in developing its own version of OpenAI but vows to be on top through a strong base of AI researchers worldwide.
Latest News
The US and UK are investigating cryptocurrency transactions exceeding $20 billion routed through a Russian-based virtual exchange, part of their strategy to combat sanctions evasion linked to Vladimir Putin's actions in Ukraine.
China's President Xi Jinping met with more than a dozen American CEOs and academics on Wednesday in an effort to mend strained relations with the US.
TikTok is facing another setback after the Federal Trade Commission (FTC) reportedly launched a probe into the social media platform's data and security practices.
The US and South Korea have set up a new task force to prevent North Korea from obtaining illegal oil.
The US wants to seize the former Mongolian prime minister Sukhbaatar Batbold's luxury NYC apartments bought with corruption proceeds.
Stellantis informed the affected workers of the mass lay-offs during a 'mandatory remote work day,' and attributed it to challenging market conditions.
Many Chinese semiconductor companies associated with Huawei are reportedly being considered for blacklisting by the Biden administration.
Capchem Technology, a Chinese firm linked to China's military-industrial complex, plans to expand in the US with battery chemical plants in Ohio and Louisiana, sparking national security concerns.
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead.
